- Under Section 84 of Inland Revenue Act ,No.24 of 2017 Interest/Profits earned on all Foreign Currency and Rupee Deposit Accounts have been made liable for withholding Tax(WHT) at the rate of 5% w.e.f 01st April 2018.Pl contact your Branch Manager/Relationship Manager for more information.
- Senior Citizens who are 60 years of age or above will be required to produce a WHT Declaration as per the direction issued by IRD with effect from 01.04.2018 .Pl contact your Branch/Relationship Manager for more information at your earliest.
- Acquired Assets for sale
The following properties acquired by the Bank are for sale. Please contact Centralized Recoveries Department (0776709958 ,0769103483 or 0112448448 (Ext 50117/50116)
|Location of property||Property Type||Land Extent||Floor Area (Square Feet)|
|Boundry Road,Batticola||Residential Property||13.76 Perches||810|
|Thalankudha,Batticola||Residential Property||540 Perches||0|
|Kalawanchikudy 09||Residential Property||16.25 Perches||1,136|
|Kadawatha||Land And Factory Premises||73.80 Perches||3,590|
|Kurunegala - Ganimulla||Residential||18 Perches||1,160|
|Kegalle||Bare Land||501.1 Perches||0|
|Pettigalawatha,Galle||Bare Land||22.75 Perches||0|
|Haldumulla,Badulla||Commercial Property||114.7 Perches||24,000|
|Halbrook Estate,N'Eliya||Bare Land||78 Perches||0|
|Bellena Village, Kaluthara||Bare Land||20 Perches||0|
|Bellena Village, Kaluthara||Bare Land||42.18 Perches||0|
|Borupana, Moratuwa||Residential Property||20 Perches||4,500|
|Naducheddikulam, Vavuniya||Farm Land||214 Perches||0|
- Common Card & Payment Switch (CCAPS) / LankaPay CEFTS member account number formats - Click to view
Credit Card Tariff revision
NDB Credit Card tariff (Section 3.11) will be revised w.e.f 04th March 2015 and the new charges can be viewed on the 'service charges' page on the Bank's corporate website www.ndbbank.com
Debit Card Tariff Revision
NDB Visa Debit Card tariff (Section 3.11) has been revised w.e.f 15th January 2015 and the new charges can be viewed on the 'service charges' page. Click here to view the tariff booklet.
Foreign Account Tax Compliance Act (FATCA):
Are you a US Citizen, US Green Card Holder, US Resident, US Corporation, a Foreign Entity with substantial US owners (i.e. 10%) or act as agent for a US principal ? if yes, the Foreign Account Tax Compliance Act (FATCA) applies to you! Please contact your NDB Relationship/Branch Manager for more information.
Renewal of WITHHOLDING TAX declaration on Rupee Deposits Interest for the year of assessment 2014/2015
The annual procedure pertaining to the Inland Revenue (Amendment) Act No 10 of 2006 requires you to submit a new withholding tax declaration for the year of assessment commencing 1 April 2014.
Withholding Tax is applicable for all Personal Rupee Savings, Call and Time Deposit accounts.
Withholding Tax payable on interest earned on Rupee deposits would depend on the individual’s total assessable income declared during the year of assessment.
The thresholds are as follows:
| Annual Assessable Income
(for the year of assessment 2014/15)
|Withholding Tax Rate|
|Upto LKR 500,000.00||0% p.a.|
|Between LKR 500,000.00 and LKR 1,500,000.00||2.5% p.a.|
|LKR 1,500,000.00 and above||8% p.a.|
Please note the following:
Withholding Tax on the minor accounts is based on the Parent's / Guardian's tax status
In case of joint accounts, each account holder should submit a separate declaration form. In the event we do not receive a valid declaration form duly filled/signed, we will be compelled to apply Withholding Tax at a rate of 8% p.a.
Please download the Withholding Tax Declaration Form and return it via post to the following address on or before 10 March 2014 or hand over same to the nearest NDB Bank branch.
National Development Bank PLC
P.O. Box 1825
40, Nawam Mawatha
Please contact your branch or our 24 hour Contact Centre on +94 11 244 8888 for any clarifications.